Form 990 for tax year 2023
Filed by LABORERS DIST COUNCIL BUILD & CONSTRUCTION HEALTH & WELFARE.
Totals
- Total revenue
- $37,277,877
- Total expenses
- $28,565,573
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $29,442,340
- Investment income
- $6,132,762
- Other revenue
- $1,702,775
- Total assets, end of year
- $196,092,236
- Total liabilities, end of year
- $2,660,253
- Net assets or fund balances, end of year
- $193,431,983
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: EMPLOYER CONTRIBUTIONS
total $29,353,979 · related or exempt $29,353,979
-
2b · Program service revenue: COBRA CONTRIBUTIONS
total $88,361 · related or exempt $88,361
-
4 · Income from investment of tax-exempt bond proceeds
total $6,132,762 · related or exempt $6,132,762
-
11a · Other revenue: PRESCRIPTION INCOME
total $1,702,775 · related or exempt $1,702,775
-
11e · Other revenue, total
$1,702,775
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $24,505,484
-
7 · Other salaries and wages
total $542,976
-
11b · Fees: legal
total $106,877
-
11c · Fees: accounting
total $305,874
-
11g · Fees: other
total $58,935
-
13 · Office expenses
total $105,822
-
14 · Information technology
total $21,636
-
16 · Occupancy
total $101,503
-
19 · Conferences, conventions and meetings
total $13,300
-
22 · Depreciation, depletion and amortization
total $35,083
-
23 · Insurance
total $65,472
-
24a · Other expenses: CLAIMS ADMINISTRATION F
total $2,542,238
-
24b · Other expenses: REPAIR AND MAINTENANCE
total $138,153
-
24c · Other expenses: OTHER SHARED SERVICES
total $20,750
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $1,470
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $18,873,934 · end of year $20,415,643
-
4 · Accounts receivable
beginning of year $5,059,899 · end of year $5,761,302
-
11 · Investments: publicly traded securities
beginning of year $128,237,430 · end of year $144,953,168
-
12 · Investments: other securities
beginning of year $25,050,677 · end of year $22,654,160
-
15 · Other assets
beginning of year $1,505,340 · end of year $2,307,963
-
17 · Accounts payable and accrued expenses
beginning of year $628,471 · end of year $858,966
-
25 · Other liabilities
beginning of year $1,643,745 · end of year $1,801,287
-
27 · Net assets without donor restrictions
beginning of year $176,455,064 · end of year $193,431,983
Mission and programs · 2023
Mission
TO PROVIDE WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
-
BENEFIT PAYMENTS
As filed on the 2023 return.
Listed in Part VII
-
Ryan BoyerRYAN BOYER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Mark FreemanMARK FREEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
James N Harper JrJAMES N HARPER JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Malik StatenMALIK STATEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Benjammin J ConnorsBENJAMMIN J CONNORS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
David PanichiDAVID PANICHI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Amy HennesseyAMY HENNESSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Alan ParhamALAN PARHAM
FUND COORDINATOR
- Total calculated
- $379,517
- From this org
- $0
- From related orgs
- $350,709
- Other
- $28,808
- Hours/week
- 1 + 4 related
Schedule J breakdown matched by us
- Base
- $0 + $275,780 related
- Bonus
- $0
- Other
- $0 + $74,929 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $28,808 related
- Filer's total
- $0 + $379,517 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LDC EDUCATION AND TRAINING FUND
501(C)(3) · TO PROVIDE EDUCATION AND TRAINING · PA
-
LDC CONSTRUCTION INDUSTRY PENSION FUND
401(A) · TO PROVIDE POST EMPLOYMENT BENEFITS · PA
-
LDC PREPAID LEGAL DEFENSE FUND
501(C)(9) · TO PROVIDE LEGAL BENEFITS · PA
-
LDC HEAVY & HIGHWAY HEALTH & WELFARE FUND
501(C)(9) · TO PROVIDE HEALTH & WELFARE BENEFITS · PA
-
501(C)(5) · TO PROMOTE IMPROVED HEALTH AND SAFETY · PA
-
501(C)(5) · TO CREATE AND MAINTAIN BUSINESS-LABOR RELATIONSHIPS · PA
-
PLASTERERS TENDERS HEALTH & WELFARE FUND
501(C)(9) · TO PROVIDE HEALTH & WELFARE BENEFITS · PA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500769349300210
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